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. hitler's idea at this point was to invade france and knock britain out of the war thereby. with the intent later on to invade the soviet union. he hated communism. this is one thing that was really part of his agenda. he was actually going to invade france in the wintertime, ma in november-december. he had to put that off because -- spent of 1939? >> of 1939. because of the invasion plans fell into the hands of the french and the british, soy put off the invasion until may, and he came up with a new plan. the old plant actually had been similar to world war i. it was going to come through belgium, along the channel coast, and down into paris. but he had to completely rearrange that, and he came up with you do, one of his generals, to think through belgium, but send the majority of these armored power through the our danforth further south and coming behind any french and british armies that went into belgium once the war started. and this worked perfectly, beginning may 10 of 1940ยป and the british and the french did what the germans expected, asz soon as the germans went
things by naming the child oscar cleveland oscar fulsome had been married and had a daughter, frances. wheatland was a bachelors of cleveland accepted the responsibility and put the child in an orphanage. here's the other part of the scandal. oscar fulsome dies a few years later in a carriage accident. he is thrown from an apparently breaks his neck. he leaves a widow and a young girl frances and globe -- rover leave and make some enormous amount of money and cleveland takes care of the widow and the young girl, pays for them and sets them up in a nice home, best friend and former law partner. he becomes a godfather to little girl frances. they are very close and she calls him on quickly. he calls her frankie. he pacer center to college and she goes to wells college and an age when women weren't really educated. what happened is as frances was growing up cleveland's relationship with her changes from uncle cleve to godfather to a romantic interest. cleveland start sending her letters with poems and sensor roses. it's the full-court press on courting her. he proposes marriage. he's old
, marchand has no guilt about taking so much time off. in fact, it's the law. full-time workers in france are guaranteed at least five weeks vacation and a maximum 35-hour work week, with no paid overtime allowed. and not everyone is thrilled about working even 35 hours. >> the aim is to keep your job without working. >> welcome to 60 minutes on cnbc. i'm leslie stahl. in this episode, we'll examine our relationship with work. how much is too much, too little, and who should decide? but before we look at the hours we spend on the job, we'll look at how employers tried to influence the way their workers act off the job. as morley safer reported in 2005, that cigarette or drink at home, that political candidate you supported, even your eating habits are coming under the scrutiny of your employer. if your boss doesn't approve, it might even cost you your job. >> anita epolito and cara stiffler were considered model employees at weyco, an insurance consulting firm outside of lansing, michigan. anita, 14 years on the job, cara, five. they sat side by side, sharing workloads and after work the
>> welcome to the "journal" here on dw. acknowledgment, no apology -- france's president says french colonial rule in algeria was brutal. >> the united nations warns that the fighting in syria is becoming a sectarian war as yet more islamist fighters arrived from abroad. >> it is 200 years since the grimm brothers' first published stories that continue to bring trembling and joy into children's lives -- the grimm brothers first published stories that continue to bring trembling and joy into children's lives. the french president is in algeria to commemorate that country's 50th anniversary of independence from france following a bloody war that cost 1.5 million algerians and tens of thousands of french their lives. >> hollande praised algeria's steps toward democracy as paris looks to deepen economic ties with the oil-rich former french colony in north africa. >> enthusiastic crowds greeted the french president as he walked the streets of the capital algiers. despite his security, many onlookers even got a chance to shake hollande's hand, seemed unconcerned by the bitter histor
france should give itself more leeway to meet mission targets. the company's 3% of gdp with more pressing -- than cussing excess from public finances. the imf has warned against more tax hikes warning these could further restrict growth. he says it's built a bit of momentum, but still needs to do more. >> france has to reform. france cannot -- that can avoid reforms. it can be again reforms which might be different. but we need to reform. let me say that from that perspective, the recent decisions going the right direction and i think that the government has understood the need to help companies create jobs. so what is important is that this momentum is there going forward. i mean, the momentum, positive momentum regarding the negotiation between the trade unions and the corporate buddies to give more flexibility to the labor markets, to give the ability for corporates to adapt more quickly. it's very important that the government complies with reducing the budget deficit and reducing public spending. we have too high level of public spending. and if you reach the level of taxes is too hi
against the dollar, trading at a value of $1.3175. >> turning to france now where the economy is set to show minimal growth in first half of next year, according to the french national statistics institution, who predict a rise of 0.1%. >> france's economy also barely grew over the course of this year, but in what many analysts see as overly optimistic, paris has set a growth target of 0.8% for 2013 and says it is still confident it can cut its deficit to below the you-mandated level. a german power utility is cutting 1300 jobs as part of a 750 million euro cost-cutting program. >> it is germany's third biggest power company. most of the job losses will be among support and administrative staff. the company has struggled financially from having to shut down to below of its nuclear reactors over safety fears in the wake of the fukushima disaster. >> ratings agency standard and poor's has downgraded cypress again. its sovereign debt already has junk status. now it has gone down two more notches. >> cypress says it needs a decision on an international bailout within days to avoid a defa
for using performance-enhancing drugs. armstrong was stripped of his tour de france titles and sponsor contracts worth 15 to $18 million. biggest loser. >>> okay. best politician. >> wisconsin governor scott walker. he put through his right to work laws. he didn't want a recall. he was an inspiration for republican governors. it's a move gone all over the country. >> best politician bill clinton, who in a single speech at the democratic national convention injected energy and enthusiasm into the voters. >> herman cain was the leading republican contender. however, he was also the worst politician, but i'll get to that later. >> i had a long shot in naming chris christie because he firmed up his base in a democratic state. and i think at a time when the republicans now are seeing a resurgence among their moderates. i think in the long run he may prove to be the big winner of the year. >> these are all very interesting choices but they are all domestic. the best politician of 2012 was german chancellor angela merkle. she had to walk a tightrope between her german voters who do not favor
to france and the u.s. for help against a rebel coalition that has vowed to topple his government. france has declined to intervene against the rebels who have already taken several towns and are now advancing on the capital. >> heavy snow has paralyzed large parts of eastern canada. in montreal, traffic came to a virtual standstill. police are telling people to stay at home, as some areas are expected to receive almost half a year of additional snow. well, we are going to a short break. after we come back, we will look at europe's crisis year 2012. >> we will find out how it will be a year to forget for one of germany's top swimmers. stay with us. >> welcome back. in just three days' time, we will be seeing up the old year and welcoming in the new, but before that, we will be taking the chance to reflect on some of the main events of the task 12 months. >> in europe, it was all about the debt crisis. greece and spain were the worst hit. >> eventually, it was the european central bank's controversial bond-buying program that manage to come down the markets -- calm down the markets. >> ger
from france. the french president addressed the parliament a few hours ago. this was how the president responded to date. >> i recognize the suffering here that colonization inflicted on the algerian people. amongst these sufferings, there was a massacre in other places o f algeria. these are in the minds of the people but also of the french people. >> following that speech for us was our correspondent who explains now why president hollande avoided a more specific apology. >> it seems as though he is taking the route of truth than apologies or using the word sorry, because that would be very difficult for french people to swallow because after all suffering. these were people whose parents, grandparents, and great grandparents were born in algeria. president hollande would have alienated all those people and not done justice to their memories or their suffering if he came out with a one-sided apology. what he did do was in clear, unequivocal terms acknowledging the crimes of the past. >> it is about as gloomy as a prediction that could have been made about syria. >> we do not see any
. we don't have that here. >> i hope we are not on the air in france and germany. you are killing these poor people. >> they are killing themselves. look at their numbers. want you want to have them. >> they are happy except for millionaire necessary france. >> which is why they are leaving for belgium which is a tax-haven. 75 or 85 percent. ments to work there? last word from steve. a push to ring in the new year with a mileage tax. will it drive your economy off of the cliff? >> and colleges cashing in. they are collecting more application fees and not letting more students in. >> college is maching an increase . critucs call it a money grab. that is it a flip side. they have stocks set to >> believe it or not, colleges are enticing more kid toz apply to their schools and admittinga fewer students in their schools. they do it to make themselves look more exclusive. not only are they doing to to boost the national ranking but it is it a cash grab. and john is okay with this. it is ut arely irvelrant. you must be smart. it is playing and racking. and unless we take over all of the
are not on the ai in france and germany. you are killing these poor people. >> they are killing themselves. look a their numbers. want you want to have them. >> they are happy except for millionaire necessary france. >> whi is why they are leaving for belgium which is a tax-haven. 75 or 85 percent. ments to work there? last word from steve. a push to ring in the new year with a mileage tax. will it drive your economy off of the cliff? >> and collegesashing in. they are collecting more application fees and not application fees and not letting more students in. [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more thayou have to. only citi price rewind automatically searches for the lowest price. and if it findone,ou get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. you know how painful heartburn can be. for
situation. one part of europe is doing very well. germany, france, northern europe, generally speaking. italy, spain, portugal, greece and ireland, hungry are in terrible shape. serious terrible shape. and because some folks don't pay attention to numbers, here's a chance for a statistic to help. students of mine, professors who came to the united states to study the universities where i taught. now professors at the university of acton, major universities increased. today their salaries as we speak are 40 percent less than what they were in may of 2010. try to imagine yourself in a job that you've kept in which the money you get every week is 40% less. police, fire, school teachers, social workers, you name it. .. governments in france and germany have been very frightened since they too are facing an economic crisis and they too are trying to solve it by making demands of their people to pay for something we come in to. they have chosen to use a very dangerous strategy particularly warm germany and the strategy goes like this. we the government are your friends, you the german workin
will continue. >> well, from of a need to france now. ask anyone the question -- what are the french most famous for? it is likely that the answer -- well, one of the answers anyway -- would be producing wine, but a growing number of those world famous vineyards are being bought up by the chinese as a new middle class in china is starting to develop a taste for french wine. investors are seeing new opportunities in the big wine regions, and not unexpectedly, it is a development which is not popular with some of the french. >> it seems everything she turns her hand to is a success. she is one of china's biggest celebrities -- singer, model, actress -- and now honor of a prestigious french vineyard. it was in french hands for four centuries before the chinese came. in china, red wine has become the latest new thing, and increasing numbers of chinese are heading to france to invest in their very own vineyard. >> i tried several other lines before, but when i came here, everything was just right -- the building, the surroundings, everything. i fell in love with the place straightaway, and the wine.
is the circus. one family in france is one of service performance. they call their show the gypsy service, and they combine traditional acrobatics with the bittersweet melancholic tunes of nomadic life. >> he begins the day with music and the bible. like many roma, he is a devout christian. >> the word of god brings peace to my heart. i believe god gives me strength and the talent to play. it was a gift from heaven. i never had any musical lessons in my life. never ever. >> the circus man's are parked at the edge of the city along the river that divides rich and poor. vasily is proud to belong to what is called the traveling full. this is the circus director, although he says titles mean little to him. decades ago, he found it an old school style traveling gypsy service. he uses the term gypsy, and if that is a provocation for some, he does not care. >> we are like the indians and the amazon or nomadic peoples. there are no less the world over, and everywhere, they have a bad reputation. everything is done to make nomads put roots down in one place. >> he says that is just what has harmed
the france where the thinker quarter gdp is showing growth of less than 1 is% for the whole 2012. stephane pedrazzi joins us now from paris. stepha stephane, not a great set of growth figures for france. >> no. that's because of the fourth quarter. now a contraction of 2% of gdp is being tracked. it believes the economy will improve marginally next year. its target, 1 mers increase for the first and second quarter of next year mainly because of flat consumer spending. you know consumer spending is the main growth driver in france, raising the prospect of the weaker expected growth next year again. the officials target for the government is at 0.8%. we might be below this target and if that's the situation, the government will need to find additional resources of budget cuts. this morning, the french president confirmed the deficit target of 3% for the next year. he also said that the unemployment rate should decline at the end of the year even if the next year will be a difficult one. in the meantime, french unions, and employers have decided to extend negotiations from competitive net in
, trying to set things right. this, france, is what the president of the governing congress party had to say. >> our thoughts are with the young woman who is fighting for her life after this attack. and our wish today is that she recovers and that she -- >> those are of sympathy. but also talk of new legislation. is that what people think are needed, or just currently putting the proper laws that exist into practice. >> i think a lot of effort is focused on trying to insure that the laws that do exist are exercised by people. the police forces and the courts. the biggest reform measure of the government's picking up on the back of these protests is the fact that they're trying to now make sure that rape cases are tried in fast track courts. india's judicial center is flawed and what tends to happen is a lot of women who are victims of rape simply stop testifying because, you know, they just want to forget the incident on move on with their life. or their fear of retribution and intimidation. it's not unknown for people accused of rape to get away completely in the last year france, th
the economic outlook amid uncertainties in europe and china. >>> some encouraging words from france's central bank chief about the eurozone economy. he says it's gradually regaining market confidence. bank of france governor christian noyer spoke in tokyo on monday. he said concerns over europe's debt crisis have now eased somewhat. >> the ures financial situation has improved over the past few months. long-term bond yields are long-term bond yields are falling sharply in spain, for instance, and showing positive signs, among others, that point to a gradual return of confidence to the euro area. >> noyer noted borrowing costs for spain, france and other countries in the region have declined that he pointed out is due in part to a european central bank program to buy bonds of debt-ridden nations. the governor also said a stable bond market is necessary for every central bank to implement effective monetary policy. >>> most nuclear powers plants in japan are offline after last year's disaster. another energy-saving campaign is now under way to avert power shortages this winter. the government a
to france, he went to france, decided he fell in love with french architecture and he rebuilt it. when he got tired that he built another mansion outside of lynchburg. then he spent $30,000 on a meal in a canal at the bottom of monticello mountain. said that never really restrained him from anything that he wanted to do. one of the historians who studied, i think it was -- stephen, said if jefferson hadn't decided to make it rather reckless investment of $30,000 in an outcome he probably would've been able to ride out the financial storms of the early 19th century. and another analysis of the financial records show that jefferson, a slaves actually were very productive farmers. and that in one of the first decades of the american agricultural economy, jefferson lost very little money on his farming operation. and so, the slaves were really holding their phones when commodity prices were plunging, and so, i mean and jefferson just kept spending -- the nail in the coffin for him financially was when he had alone with his in-laws. nicholas was speculating in kentucky land acquisitions, and h
quarter. the eu, banking -- things like nap but, again, still down. >> not great news for france if we start to look at some of the indexes. there's a lot of focus on this economy. >> exactly. and the weakest spots, given that it's the second largest economy. now, we did see that return to growth for germany, which is a positive and will be a good gain forward. but say order box, very weak. demand, very weak. business confidence very weak and this is going to be hitting activity indicators going forward. >> even though the manufacturing side of it disappointed, the services was stronger. while services is a big part of the economy, it's where we're trying to see the rebalancing in the german economy happen. from that point of view, probably a rather encouraging development. >> it is interesting. it's also very exportwise. what we saw on these numbers was german exports falling sharply again. and this is just signaling that global economic conditions, soft patch very weak, particularly for the region -- i'm sorry, within the eurozone itself. >> and it's consistent with the weakening glo
cementmaker dipped to restructure its european operations. they could put charges of over 500 million francs. carolin has more out for us out of europe. >> hey, ross. let's take a look at the market reaction. initially, the reaction on the markets is quite subdued. now accelerating its declines, off by 7.1%, the second worst decliner on the market. let's come back to holcim. it is responding to the sluggish construction environment in europe and that is why it's restructuring its european operations. it is taking a $440 charge on write-offs for property plan and equipment. on top of that, it sees an additional 1100 million swiss francs in costs for the fourth quarter. so the overall hit to the fourth quarter will be 500 million swiss francs. it does say that the rebound will save around $120 million swiss francs annually. but overall, analysts are surprised about the size of the additional write-offs that will be booked in the fourth quarter. but holcim is trying to reassure investors this morning, saying there is still potential for a dividend payout for 2012 but that decision will be taken
was ready to return to america. he had gone to france as an illustrator, but he came home determined to be an artist. through his friends, homer was probably also introduced to the work of barbizon painters and other contemporary french artists, such as manet, whose work, in all likelihood, homer would have sought out while in paris. after his return from france, homer's subjects and the style of his work make clear he absorbed something from french art. return of the gleaner is strongly reminiscent of millet's well-known paintings. the lighter palette and two-dimensional design of homer's work at this point suggest that he may have seen manet's paintings with their strong light and flat patterns. homer's oil paintings of domestic american scenes called forth his deeper creative energies, but magazine illusations of the same everyday activities provided his livelihood. the carefree quality of these scenes appealed to a country recovering from the civil war. americans turned to lighter concerns-- exalting the innocence of childhood, the therapy of the outdoors, the benefits of leisure
. france, at the time, claimed all of canada, the lands around the great lakes, the lands around, on either side of the ohio and mississippi river valleys, down to the gulf of mexico. in 1753, the governor of virginia sent a young major named george washington, and most americans don't know this story. the governor of virginia sent 21-year-old major george washington to fort ducane, a french fort that sat on the site of present day pittsburgh, before the steelerrings -- steelers started playing football there. washington ordered french to leave. french refused. in the following spring, washington returned with troops and attacked. again, most americans don't know the story, but washington fired the first shot in what became the world's first true world war. his attack on the french in the western pennsylvania wilderness grew into a global conflict lasting seven years, involve england, franch, austria, russia, prussia, and dozen other nations fighting for control over colonies in north america, africa, asia, and the seas in between. the seven years war changed the map of the world shifting n
a letter from france saying they are having second thoughts and so jefferson's is i think we do have the power, no problem there. when he was taking the critical steps to preparing us and providing aid to britain in the run-up to the great contest of for liberty in the middle of the 20th century explicitly pointed to the louisiana purchase as a model for the executives in a time of crisis the duty of the magistrate is the line of law but it is not the highest duty with the survival and the success of the country is your highest obligation. one person's presidency is another person's hero. one person's tierney is another person's early and reform. it is a to the excess of power used in a way that we approve and in some generations there's the to be in excess of power used in ways the we would fight to the death against. that's the way history has unfolded in history is on the right side of that. a second term, early second term president might be able to take from jefferson. one goes to louisiana which is jefferson understood the clock wasn't like a normal clock. it moved faster and a
justices in the land would take that sort of activist role and you mentioned france, dan, that's scary. the back drop of this whole presidential year is europe. we know where the path leads. and the turmoil and welfare states and how unsustainability and the high unemployment that comes with them and that was the back drop of our presidential campaign. >> paul: okay, the voters said, yeah, we're going to keep moving in that direction, kim. i mean, how, what do you think the electorate is here, behind the choices that jason just suggested they might be? >> barack obama won this election by very effectively making this a referendum about his opponent, mitt romney. so if you went out and you asked most americans, do you think barack obama did a great job in his first term? do you want significantly higher taxes? do you want the government to do nothing about spending? are you happy with obamacare? most would say no, but in the end the choice was between a president who said things aren't great, but i'm still going to try to make them better and a guy he painted as not having a plan and no
democracies. in april of 2011 a lot affect in france according to which it is illegal to cover the face in any public space from march to marketplaces to shops, although the law does not mention the word women, muslim, bertha or bail it was introduced by president nicolas sarkozy and a ban on muslim veiling which according to him imprisons women and threatens french values of dignity and equality. the new law makes illegal the barca but france is the first country to enact a full ban on the burke that in public space similar restrictions of being considered all over europe and many countries in regions that adopted some type. on april 28, 2011, the chamber of representatives of belgium voted for a similar ban although the law expected to be challenged in a constitutional court. in spain in 2010 the catalonia and assembly narrowly rejected a proposed ban on a burke got in all public places reversing an earlier vote. similar laws are in progress in italy as well. in switzerland after a campaign designed to appeal to fears of a muslim takeover, a popular referendum voted by 57% to ban the constru
hikes, europe's grand experiment with taxing the rich more is falling apart, especially in france and britain. and here at home, california and new york are passing through the 50% tax rate barrier. is anybody looking at how tax hikes fail the test of economic growth? >>> back here in the u.s., could it be michigan which used to call itself the worker's paradise union state is now moving towards new anti-union right-to-work legislation and it looks like it's going to pass? but first up, budget talks resume between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern among some in the gop that they are at risk of becoming the party for rich people while president obama and democrats stake their claim on the middle class. and my tax rate flexibility with higher -- here's what the president said earlier today. >> i'm not going to sign any package that somehow prevent pr
to go back to france. the canadians paid in hong kong and australian and british in singapore. so after dunkirk here was a country like a boxer is down on one knee and the ref is about to call in a day. host: when did the blitz of london occur? . this is actually part of the battle of britain. the air battle, the hollywood battle of spitfires and everything began in bid july, july 10 officially. host: of 1940. guest: of 1940. that is when the invasion scare began. the germans were soften up for the final blow which churchill never believed was coming. never for a minute did he believe the germans would invade. but he had to pursue the invasion scare tactic in order to build up his armies and get more planes and get equipment from the u.s., which was dragging its feet. the final plan, the german plan, would be to soften air bases then in lit august or september crush the remnants of the r.a.f. it was a good plan but it wasn't working and goring got hitler's permission to bomb the ports. bombing was so ineffective on both sides that meant they would be bombing houses. they did. and church
almost 5,000 world war ii veterans. mr joy's story was exceptional. he dropped into occupied france in may of 1944, hit his radio in a box of green beans calm but train occupied -- they set up a save house in france and transmitted some of the most important intelligence of any agent to the 16 for 16 on troop movements, oil refineries, airstrikes, it is incredible. he also was able to rescue hundreds of downed airman. three months ago i got a call that renee had passed away. i interviewed mr. deloitte at his house in 2002 and he was the first person he ever told this story about. is wife was kind enough to give me some teach and was an incredible interview as he brought me back in time. his son told me something very striking. arlington had denied their request for burial because at the time of the war he was a french citizen even though general eisenhower had personally given him the distinguished service cross and he was in uniform, american uniform after the war, he became an american citizen as well as a world-renowned heart doctor who had an incredible things for america. to ma
, they are looking to get out of france because of the tax rate there. the they said only thing france will export in 21 century are millionaires. neil: they all go to belgium, it is obviously for more than just the chocolate. so, where do we stand? the markets have been nearly, if not dismissively going by all this and through all this, assuming i think that a teal would be had -- a deal would be had. tomorrow it looks like a deal will not be had, the they -- mas have turned sharply lower, 74 down in the futures. i am wondering, if that is a signal they could worry this is not a fore gone conclusion, we could go into the new year with no deal. >> i'm thinking, increasingly, that sequestration and going into the new year without a deal is the best possible thing for the u.s., it is the only way you will see spending decreases. you will get revenue increase on top. but hopefully, they will be in better balance, and president and administration are promoting today. neil: knowing you were coming on, craig, i was reminded by fedex, in its warning yesterday. normally when we see international companies
firmer agt the dollar. this is bank of france governor says the city of london should no longer be the main trading hub. is he whis links in tling in th is it doable? >> i think if you look at the figures they speak for themselves. at the moment 40% is actually this london compared to maybe 3% in france, 2% in germany, and it's not just that london dominates, but that the long term trend is actually away from france and germany and towards london. so a tough challenge for the ecb. >> so even if eurozone banks -- i suppose can they lean on eurozone banks to move their trading floors to paris and frankfurt. i don't know. >> that's true. and the fact is with currency, it's not just about trading the euro, it's what you trade on the other side, as well. london is the center for fx liquidity. that's the way it is. so the direction of things is not favoring anybody moving their trading floors towards mainland europe. >> fair enough. so what happens to the euro? we're sort of near a range high here at the moment. and how much problems are there going to the at 1.3050? >> it's an intere
. the imf estimateds that the u.k. next year will grow more strongly than france or germany, and our credible fiscal policy allows for supported monetary policy. and with the bank of england, we are directly addressing the problems of tight credit through the 70 billion pound funding for lending scheme. in the opr's view today, this has lowered interest rates in the real economy and will add to the level of real gdp. one area where the british economy has done much better than forecast is in creating jobs. since early 2010 the private sector has created 1.3 -- 1.2 million new jobs, 600,000 more than was predicted, and youth unemployment has been falling. instead of peaking at 8.7%, the ob russian expects the peak at 8.3%. this at a time when the unemployment rate in spain is 26%, in france it is almost 11%, and across the whole eurozone it is almost 12%. employment, already at a record high, is set to go on rising each year of the forecast, and for every one job less in the public sector, two new jobs are expected to be created in the private sector. britain now has a greater proport
in swiss francs. but because we are, again, operating in so many countries, having local costs, local currency costs as well as local currency revenues, we don't have any dilution of our profitability because of the strength of the swiss franc. so, actually, the more the swiss franc appreciates, you know, it has absolutely no effect on our profitability. it has an effect on the translation standpoint that it's stronger on the basis. >> okay. some interesting points. i think what's interesting is when you come here, we got a meeting today, kelly, of the account and they're going to approve pakistan later. but working on the bits of the doha rounds. one of the things that's going to be interesting is particularly the supply chaines and global exports. that's one of the things they think they can get pretty good progress on. for example, good at a port. why does the kaber have to be held up for sort of a week or two weeks and not put straight into the country? a lot of international countries saying that's a bigger hit on earnings than 1% or 2% in duty. it's getting this in the increasin
concerned about france and spain than i am about italy. >> we'll talk about those. >> let me add asking. if italy is in this situation now, it relied on the easy way out. and politicians, including berlusconi, didn't have the foresight to see that. >> thank you so much for coming by. >>> staying at the eurozone, investors will be watching for anything coming from the italian crisis. the results of the spanish bond actions are due around 12:40 cst. hsbc was hit with a $1.9 billion fine. the ceo said we accept responsibility for our mistakes and are profoundly sorry for them. >> a full year loft loss of 4.7 billion euros, thinksen krup has more details. >> they are starting to look at the positive of what i would call a -- strategy, i.e., a clean sweep when it comes to the business strategy of thyssenkrupp as well as the instruct occur and the refocusing on being transparent and definitely being something shareholders should trust. so no dividends, jobs may go and the sale of celiamerica being looked at. the cfo says there's a handful of interested parties in that particular party of the
-care system. >> you did a calculation that showed a health care system, the best in europe or france or germany, we would have no deficit in the baby boom demographics. >> everyone else -- canada is a single payer system but not socialized medicine. medicare for everybody. and is complicated. but it is a mixture of public provision, public health insurance but much heavier hand of government, the same cost as the canadian system but spectacularly good outcomes relative to anybody and britain has a system which is pure socialized medicine and the outcomes are a little better than ours. the cost is 40% better. all of these, if we were able to emulate these things we would be able -- our budget problems would be gone -- and it defies -- one of our two presidential tickets, the signature proposal is to take one of the parts of the system that works pretty well and privatize it. [talking over each other] >> let's make sure nobody gets to do what i did as governor of massachusetts which is privatize medicare. privatize and underfund which is incredible. it is a rejection of both theory and
. about the third or week of august he gets a letter from france saying napoleon was having second thoughts. so severeson says, well, i do think we have the power there, and, boom, it's done. [laughter] franklin roosevelt, when he was taking the critical steps to preparing us and providing aid to britain in the runup to the great contest over liberty in the middle of the 20th century explicitly pointed to the louisiana purchase as a model for what an executive should do in a teem of crisis. in a time of crisis. jefferson himself said that the duty of a magistrate is to the line of the law, but it is not the highest duty. that the survival and success of the country is your highest obligation. one person's imperial president i is another person's hero. one person's tyranny is another person's brilliant reform. part of what we have to struggle with from age to age in america is realizing that some generations there's going to be an excess of power useed in a way -- used in a way in which we approve, and in some generations there's going to be an excess of power used in ways which we
through paris and france and europe and exchange music was traveling aboard as well and i got the experience some of the music he speaks of and it was enjoyable, so i wish him the best of luck on that. as far as the conditions that were listed, there is an extensive list, however nothing out of the ordinary for a venue replacing the blue m cc aw, the only issue that mr. einselen brought up that we spoke about was number 3 on your list, i think that was just semantic, it states patrons must be visually and audio recorded, strike the audio, that was a clerical error, if you will, and again, you also addressed many of the same thoughts we had as far as business plan, what kind of venue he's promoting, what kind of crowd he's bringing in, it's excited to see the outcome, so if you have any questions. >> it's long. but nothing out of the usual, i don't think. >> do you know what kind of clothing you want the security staff to wear? >> the clothing is just something that distinguishes them easily from patrons. >> [inaudible] and striped shirts. and a mustache. >> and a baguette. >>
magazine editor anna wintour oz our next u.s -- as our next u.s. ambassador to the u.k. or maybe to france. white house with press secretary jay carney defended the idea, insisting that nondiplomats like ms. wintour can make good envoys. >> what qualities does the president look for when he's going to pick an ambassador? an important ally like france or the u.k.? >> you know, i think that the president in all of his personnel appointments looks for talent, wisdom and character in his appointees, and he would do that regardless of the position. >> is it important for a diplomat to be diplomatic? [laughter] >> one of the, i mean, another way of addressing that is to answer the question there have been enormously effective diplomats in this country's history who have not necessarily risen through the diplomatic corps. we had one of the greatest diplomats of his generation pass away not long ago, richard holbrooke, and i think everyone who knew him or sat across from the table from him would agree he was not by anyone's traditional definition particularly diplomatic. >> no. but he was also a b
or medicine, physics, chemistry, and economics went to eight winners from the u.s., japan, france, and britain. >> the nobel prize for economics was jointly awarded to allan ross and lloyd shapley for their work on matching supply and demand -- alvin roth and lloyd shapley for their work on matching supply and demand. 89-year-old lloyd shapley, professor emeritus at the university of california, received a standing ovation. >> while the eu is celebrating winning the nobel peace prize, one of its largest member states has been plunged into crisis. >> first data appeared that italy was facing the prospect -- first, it appeared that italy was facing the prospect of uncertainty as mario monti appeared to be on the prospect of resigning. that pushed the stock market into a downward slide. >> in the last couple of hours, prime minister mario monti has come out and said he is not planning to step down in the near future after all, and that the nervous reaction in the markets should not be dramatized. >> investors are already nervous about what mario monti's early departure could spell for the eurozon
is trying to get charges in france drawn-out bear. there are charges that he was linked to a prostitution ring. he will try to get a judge dismissed those charges. it is an extraordinary case and we do not know what happened that morning in that hotel room in manhattan where she says she was assaulted by dominique strauss-kahn. he says it was a consensual encounter. we do not know what happened. we do know that to completely different lives were completely turned around. >> ok. thank you very much. you are watching "bbc world news america." could not in the dna of cancer patient helped generations of people? and you project of britain is counting on a to do just that -- a new project in britain is counting on it to do just that. share prices in italy have fallen sharply as investors reacted to in the news that mario monti intends to resign. berlusconi hopes to stage a comeback. >> stormy political weather ahead for italy. suddenly, mario monti is on the way out. there will be early elections and berlusconi is reaching for power again. on the markets, there is deep unease. they're like the
:20 central time, we'll speak to the world travel council to find out why france is still the world's top destination but more money is spent in the u.s. and central america is now a star performer. first, we want to get the latest news. looking for confidence out of germany's ifo survey. if we can put it up on the screen, that would be a help as i'm working to get it up at the moment. as soon as we get the numbers on that front, i will bring them to you. looks like we're still waiting on that. in the meantime, send in your thoughts, questions and comments about the program to worldwide@cnbc.com. and the biggest news of the morning, we have a deal. after 14 hours of talkes and months of negotiations, an agreement has been reached on a pan european banking supervisor. european finance ministers say they've drawn up plans to allow the ecb to directly supervisor the three largest banks in each country except for the uk and sweden which have both opted out. european leaders need to give their seal of approval and silvia wadhwa is in brussels with the latest. sylvia, it sounds like the meeting
confidence and trust in the eurozone. >> countries like france and italy have pat -- have pushed for a speedy resolution. banking supervision paves the way for a direct supervision -- direct injection into ailing banks. >> it is no longer the sole responsibility of the member states. rather, all of europe will step in. >> but president hollande did not get everything on his wish list. germany insisted that smaller banks, which make up a large part of its banking system, be overseen by national authorities, and it got its way. >> it is important to have a clear division between banking supervision and monetary policy. >> the supervisor will begin work in march, 2014, and be responsible for banks holding more than 30 billion euros in assets. the deal should ensure european taxpayers no longer have to foot the bill when financial institutions find themselves in trouble. >> i'm very satisfied. contrary to expectations, the 27 finance ministers have managed to save the european council. >> as for the question of who will succeed john graja and kurt as head of the eurozone, that is something member
across germany. for more now, we had to the franc fort -- frankfurt stock exchange. positive news on the german economy. has that brought some cheer on the floor there? >> this is indeed a very nice christmas present and a strong signal that the german economy will recover again after its winter sleep, but the dax did not make a huge step forward. the stronger than expected ifo index may prevent european central banks from lowering interest rates again. >> we have had developments also in a libor scandal that broke earlier this summer. tell us about that. >> yes, the news is very bad. ubs has to pay the record fine of 1.2 billion euros in this libor scandal and its manipulation of interest rates. some british banks also have to pay millions of euros, and also deutsche bank is involved, and it is also in focus because exactly one week ago, hundreds of policemen into a bank in search of proof of tax fraud. hsbc has to pay $2 billion in a money-laundering case. the financial industry is working very hard for its bad reputation. the german dax is up 0.3%. euro stoxx 50 up .3%, and the
in across the uk, down into much of france. flooding is likely. it should be fine across much of the iberian peninsula, 15 degrees expected in madrid. further east, this extends through north africa, so for both tripoli and benghazi, it will be cloudy, the chance of some showers. 19 degrees in cairo as a maximum. along the coast, for the west, whitely dryer -- likely dryer. solutions for america, friday, 7:00 p.m. eastern, 4:00 p.m. pacific. >> hello again. top stories on al jazeera, at least 30 people have been killed in southeastern kenya. the deaths in the delta region have been blamed on fighting between the orma and pokomo tribes. the first round of the draft for the egyptian constitution is planned for friday. u.s. president barack obama says he will work with congress to avert spending cuts and tax hikes in the new year. where republicans budget bill to avert the -- a republican budget bill to avert hit the fiscal cliff was killed in the house. 20 people have been killed in flash floods and landslides in sri lanka. 14 people are missing. tens of thousands of people have been affected.
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